Economy
Sealand has been involved in several commercial operations, including the issuing of coins and postage stamps and the establishment of an offshore Internet hosting facility, or "data haven". Sealand also has an official website and publishes an online newspaper, Sealand News. In addition, a number of amateur athletes "represent" Sealand in sporting events, including unconventional events like the egg throwing world championship, which the Sealand team won in 2008. According to Sealand News, a movie called Sealand is in development. It is currently scheduled to be released in 2013.
As of 11 February 2007, Sealand is also taking bookings for tourist visits. For a period, Sealand camouflage passports were mass-manufactured and sold widely by a Spanish-based group possibly associated with the "exile government" under Seiger. These passports, which the Bates family say were not authorized by them, were linked to several high-profile crimes. All passports were revoked by Roy Bates in 1997.
After HavenCo's unexpected collapse, Sealand's government began the process of building an online casino. The casino is expected to open by the end of 2012, and would employ about 30 staff members to work in Sealand. However, Sealand Casino would be limited in expansion due to Sealand's geographic size.
Read more about this topic: Principality Of Sealand
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
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“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)